There are currently limited mortgage options if you have 10% equity or a 10% deposit.
The good news is that through our partners we can access lenders who will consider a 90% LTV mortgage.
How To Get A 90% LTV Mortgage
Not all lenders offer 90% loan to value (LTV) mortgages and those that do have set criteria to determine whether they are happy to lend on this basis.
Things to be mindful of include:
- Lenders will charge you a higher rate on interest on your mortgage if you only have a 10% deposit. If you can get your deposit up to 15% this will help get the cost of borrowing down.
- While some lenders will be happy to lend if you have a 10% deposit, their decision to lend will be based on affordability criteria so factors such as your income, previous credit record and the amount you wish to borrow.
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